Technical analyst, Mathew Easow is of the view that investors can buy Vijay Shanthi Builders Ltd to achieve a short-term target of Rs 109.

According to him, the stock can be purchased on declines with a stop loss of Rs 70.

Mr. Mathew also said that the investors can achieve the target within a period of 6-7 weeks. So, the investors are advised not to sell this stock before achieving this price target.

Thestock will achieve the target price as the company has good growth outlooks considering its projects under implementation and influential future plans.

Today, the company’s shares opened at Rs 78.15, as against its last closure at Rs 74.45 on the BSE. With an EPS of Rs 12.26, the stock is trading with a P/E of 6.38 at 1:22 pm. The stock has seen a 52-week high of Rs 219.9 and a low of Rs 50.65 on the BSE.

Vijay Shanthi Builders is a part of the Vijay Shanthi Group of Companies. Incorporated in 1978, the group has also established its name in Finance, Mineral Water, Cements and in Resorts development.

The company’s main objective is to carry on the business of developers of property, promoters of schemes of housing flats, residential and commercial apartments, land development and layout schemes, builders, civil engineers, contractors and engineering consultants, manufacturing mineral water and herbal water.

Other stocks from the construction & Contracting sector that looks good for short term trading includes Peninsula Land, Ansal Properties and Ganesh Housing.